4 ms·

Hedge funds and investment banks are comparable to cartels?

deleted 6y ago
[deleted]
monocasa 6y ago
Some are. HSBC laundered billions of dollars for the cartels and no one went to jail over it. https://www.rollingstone.com/politics/politics-news/outrageous-hsbc-settlement-proves-the-drug-war-is-a-joke-230696/ https://www.rollingstone.com/politics/politics-news/outrageo...
- walrus01 6y ago
  I can already see some people thinking "but rolling stone isn't real journalism", so here: https://www.cbc.ca/news/business/hsbc-s-1-9b-money-laundering-settlement-approved-by-judge-1.1377272 https://www.cbc.ca/news/business/hsbc-s-1-9b-money-launderin... https://www.bbc.com/news/business-18880269 https://www.bbc.com/news/business-18880269 https://www.justice.gov/opa/pr/hsbc-holdings-plc-and-hsbc-bank-usa-na-admit-anti-money-laundering-and-sanctions-violations https://www.justice.gov/opa/pr/hsbc-holdings-plc-and-hsbc-ba...
  - quickthrowman 6y ago
    Why would they think that? Matt Taibbi is well-known around here. Edit: Rolling Stone did take a credibility hit after Sabrina Rubin Erdley came clean about manufacturing parts of her college campus rape story, but that’s the only thing that comes to mind when I think about RS and journalistic credibility.
    - DanBC 6y ago
      A few people on HN get stuck on the debunked gang rape story, and feel that it destroys any credibility Rolling Stone had. (I'm not one of those people.) https://hn.algolia.com/?q=rolling+stone+rape https://hn.algolia.com/?q=rolling+stone+rape
      - quickthrowman 6y ago
        Thanks for providing the link, I edited my comment to reflect that. I’m not one of those people either, that had to be embarrassing for them and I’m assuming they changed their editorial practices to avoid such things in the future.
    - bobthechef 6y ago
      How about this hit? https://www.theamericanconservative.com/articles/rolling-stone-men-who-abstain-from-porn-are-dangerous-alt-righters/ https://www.theamericanconservative.com/articles/rolling-sto...
      - monocasa 6y ago
        The original article they're complaining about is pretty fair, and IMO, great journalism. https://www.rollingstone.com/culture/culture-features/coomer-meme-no-nut-november-nofap-908676/ https://www.rollingstone.com/culture/culture-features/coomer...
        spoopyskelly 6y ago
        Boomers trying to explain 4chan is anything but great journalism.
  - dmd 6y ago
    > I can already see some people thinking "but rolling stone isn't real journalism" Does anyone under 80 think that?
    - walrus01 6y ago
      Probably some of the senators responsible for regulating banks, so yeah.
    - kyleblarson 6y ago
      A few UVA alumni likely think that.

deleted 6y ago

[deleted]

Some are. HSBC laundered billions of dollars for the cartels and no one went to jail over it. https://www.rollingstone.com/politics/politics-news/outrageous-hsbc-settlement-proves-the-drug-war-is-a-joke-230696/ https://www.rollingstone.com/politics/politics-news/outrageo...

walrus01 6y ago
I can already see some people thinking "but rolling stone isn't real journalism", so here: https://www.cbc.ca/news/business/hsbc-s-1-9b-money-laundering-settlement-approved-by-judge-1.1377272 https://www.cbc.ca/news/business/hsbc-s-1-9b-money-launderin... https://www.bbc.com/news/business-18880269 https://www.bbc.com/news/business-18880269 https://www.justice.gov/opa/pr/hsbc-holdings-plc-and-hsbc-bank-usa-na-admit-anti-money-laundering-and-sanctions-violations https://www.justice.gov/opa/pr/hsbc-holdings-plc-and-hsbc-ba...
- quickthrowman 6y ago
  Why would they think that? Matt Taibbi is well-known around here. Edit: Rolling Stone did take a credibility hit after Sabrina Rubin Erdley came clean about manufacturing parts of her college campus rape story, but that’s the only thing that comes to mind when I think about RS and journalistic credibility.
  - DanBC 6y ago
    A few people on HN get stuck on the debunked gang rape story, and feel that it destroys any credibility Rolling Stone had. (I'm not one of those people.) https://hn.algolia.com/?q=rolling+stone+rape https://hn.algolia.com/?q=rolling+stone+rape
    - quickthrowman 6y ago
      Thanks for providing the link, I edited my comment to reflect that. I’m not one of those people either, that had to be embarrassing for them and I’m assuming they changed their editorial practices to avoid such things in the future.
  - bobthechef 6y ago
    How about this hit? https://www.theamericanconservative.com/articles/rolling-stone-men-who-abstain-from-porn-are-dangerous-alt-righters/ https://www.theamericanconservative.com/articles/rolling-sto...
    - monocasa 6y ago
      The original article they're complaining about is pretty fair, and IMO, great journalism. https://www.rollingstone.com/culture/culture-features/coomer-meme-no-nut-november-nofap-908676/ https://www.rollingstone.com/culture/culture-features/coomer...
      - spoopyskelly 6y ago
        Boomers trying to explain 4chan is anything but great journalism.
- dmd 6y ago
  > I can already see some people thinking "but rolling stone isn't real journalism" Does anyone under 80 think that?
  - walrus01 6y ago
    Probably some of the senators responsible for regulating banks, so yeah.
  - kyleblarson 6y ago
    A few UVA alumni likely think that.